The capital fund for new investment at Systems Corporation is limited to $75,000 for next year. You have been asked to recommend one or more of three projects as economically acceptable for investment at the corporate MARR of 15% per year. Perform the analysis in two ways:

(a) By hand,

(b) Using NPV functions and a spreadsheet.

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Initial Project Investment, $ -25,000 Annual NCF, Life, Salvage Years Value, $ 4 $/Year A 6,000 4,000 4 9,000 15,000 -30,000 -1,000 4 -50,000 20,000